Canadian Tire Co. Limited (TSE:CTC.A) Stock Has Consensus Target Price of C$204.00

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have received a consensus rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$204.00.

Several research firms have issued reports on CTC.A. Jefferies Financial Group upped their price target on shares of Canadian Tire from C$179.00 to C$199.00 in a research report on Friday, August 14th. National Bank Financial decreased their price objective on shares of Canadian Tire from C$210.00 to C$209.00 and set a “sector perform” rating for the company in a research report on Friday, August 14th. Stifel Nicolaus boosted their price objective on shares of Canadian Tire from C$115.00 to C$220.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. TD upped their target price on shares of Canadian Tire from C$200.00 to C$210.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Finally, Desjardins raised their target price on shares of Canadian Tire from C$200.00 to C$217.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th.

Canadian Tire Trading Up 0.7%

TSE CTC.A opened at C$191.59 on Friday. Canadian Tire has a 12 month low of C$159.20 and a 12 month high of C$208.08. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The stock has a 50 day moving average of C$194.24 and a 200-day moving average of C$190.13. The company has a market cap of C$9.99 billion, a PE ratio of 15.16, a PEG ratio of 0.35 and a beta of 0.75.

About Canadian Tire

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, “CTC”) has been a proudly Canadian business since 1922. Guided by its brand purpose, “We are here to make life in Canada better,” CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada’s strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life’s pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark’s, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.